Wellspring

Wellspring Worldwide provides a comprehensive business management platform that streamlines corporate venturing and licensing operations. Its software products, including Sophia, Flintbox, and Zeto, oversee the entire Knowledge Supply Chain, allowing organizations such as leading companies, hospitals, and universities to effectively manage their intellectual assets. The platform integrates functions like disclosures, docketing, and financial management into a single system, featuring customizable workflows and automated processes to enhance efficiency. Founded in 2003 and based in Chicago, Illinois, Wellspring enables clients to develop scalable innovation programs, regardless of the complexity of their project portfolios or geographic reach.

Blake E. Briscoe

Associate

Matt Hamilton

COO

Sandi Lowe

Founder and Chief Experience Officer

5 past transactions

Sopheon

Acquisition in 2024
Sopheon is an international provider of software and services focused on product lifecycle management. The company’s flagship solution, Accolade, assists manufacturers and service providers in achieving sustainable market differentiation by aligning strategic roadmapping, idea development, and innovation execution. Sopheon serves a diverse range of industries, including aerospace and defense, chemicals, consumer goods, food and beverage, high-tech and electronics, and industrial manufacturing. Its customer base includes notable firms such as BAE Systems, BASF, Cadbury, Celanese, and General Motors. By utilizing Sopheon's solutions, organizations can improve their decision-making regarding product development and enhance their ability to bring profitable new products to market more efficiently. The company operates primarily in North America and Europe, generating revenue through the sale of software licenses, maintenance and support contracts, and service income.

IP Pragmatics

Acquisition in 2023
IP Pragmatics is a management consultancy established in 2001 and based in London, United Kingdom. The firm specializes in scientific technologies and intellectual property, offering a range of services that include market assessment, valuation, technology transfer support, policy and strategy development, intellectual property audits, competitive intelligence, and licensing assistance. IP Pragmatics serves clients across various sectors, including agriculture technology, life sciences, food products, and healthcare. Its clientele comprises universities, research institutes, enterprises, and public sector organizations, reflecting the firm's commitment to enhancing the value and impact of intellectual property in diverse fields.

myIP

Acquisition in 2021
MyIP is a company focused on the development and provision of software solutions for intellectual property (IP) and technology transfer management. Catering to a diverse clientele that includes universities, research institutes, government departments, and businesses of various sizes throughout Europe, MyIP offers both packaged and customized software designed to streamline IP asset management and facilitate effective technology transfer. By leveraging its expertise in the field, the company aims to enhance the management and utilization of intellectual property resources for its clients.

Covalent Data

Acquisition in 2017
Covalent Data, Inc. operates an online platform that connects innovation with technology enterprises, serving as a comprehensive resource for technology transfer and corporate licensing professionals. The company provides intelligent search tools that leverage machine learning to integrate and analyze a vast array of public and private data, including patents, academic discoveries, and SEC filings. This enables users to trace the journey of invention from research to commercialization, facilitating opportunity identification and due diligence. Covalent Data's platform supports a diverse array of stakeholders, including academic institutions, Fortune 2000 companies, granting agencies, and innovators, allowing them to track trends, assess technologies, and connect with one another efficiently. Established in 2011 and based in Denver, Colorado, Covalent Data was previously known as Collective IP, Inc. and became a subsidiary of Wellspring Worldwide Inc. in 2017.

Flintbox

Acquisition in 2009
Flintbox, originally established in 2003 by the University of British Columbia, is a leading platform for open innovation and intellectual property exchange. Acquired by Wellspring in 2010, Flintbox has evolved into an advanced software platform that fosters collaboration among a global community of researchers and innovators. With more than 17,000 registered users from over 500 organizations across six continents, Flintbox serves as a vital resource for connecting research institutions and industry professionals. The platform's development is user-driven, incorporating feedback and suggestions from its diverse community to enhance features and functionality. Flintbox aims to facilitate relationships and drive collaboration within the innovation ecosystem.
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